Greenspan backs bank nationalization

If I were Alan I would find a secure hole - and crawl into it.
While I do like him and believe he did many great things - so did Mulholland. The present situation is Alan's St. Andrews Dam.
He did not see it - but it is still happening. Alan brought down interest rates. Alan opened the door for negative amortization. Both of these moves were to keep the economy going and those in charge of regulating were all out to lunch.
At this point - NOTHING is going to stop the meltdown until it reaches a major depression. The measures being presented represent little more than stop gap, so to speak, put a large band aid on it. If the regulators failed to see something this large on the horizon there is little reason to believe that they can sort through complicated relief programs such as the one designed for deliquent mortgages. Obama is O Foo, Obama full of Oratory, to which end he is good however, this will not do much for the problems at hand. The massive stimulus bill is, as the Republicans state, full of useless spending that will do little for job stabilization.
Alan, please do tell me about banking problems - you opened this door. Considering that the Fed had control of predatory lending, please tell me and the rest of this country just how cases were prosecuted under your watch?
The answer is none. You were not watching either, so - please fade away. We have enough trouble.

Unfortunately,the only rational way out of this entire financial pit is massive nationalization of not only the banks but also the housing and American auto industry. The politicians have created this environment and only politicians can fix it.The alternative is national bankruptcy and the death of the dollar. For how long can the Fed and Treasury keep printing money and throwing it into a "black hole" defined as a situation where no matter what goes in nothing ever comes out.

The only problem that exists is the government steals over half our money every year. Gamblers who lose money is not a problem...just a fact of life.

It's shameful that the Federal Reserve still exists. House Bill 2755 (Ron Paul) should be enacted immediately. Destroy the Fed and those who run it just as they have participated for nearly 100 years in running the American people into the ground. I'm an independent who believes that neither side of the large parties are interested in upholding the Constitution, which states that it is illegal for any institution other than government to manage and direct currency. A Republican congress voted the Federal Reserve Act into existence over Christmas break of 1913 with minimal opposition just as they did the Commodity Futures Modernization Act of 2000. What is worse is that the Commodity Futures Modernization Act didn't even undergo Senate approval, as required by the Constitution. Democrats have been do-nothings, and Republicans have been the forerunners of destruction.

It is time for Greenie to fade into the sunset, permanently. His rambling, incoherent "ideas" speak loudly to his senescense.